The U.S. government has announced plans to spend "tens of billions" to upgrade the air traffic control system, advancements that will hopefully help alleviate concerns about flying following a series of high-profile incidents.
ATLANTA--(BUSINESS WIRE)--SITA, the leading IT provider for the air transport industry, released the 2024 North American Air Transport IT Insights report, developed in collaboration with Airlines for America (A4A). The findings, based on input from carriers representing more than 60% of North American passenger traffic1, reveal that cybersecurity and artificial intelligence (AI) dominate the IT...
American Airlines has dropped 50% since January, but the market has already priced in a worst-case scenario, not the normal profit picture. Despite a tough quarter, the airline remains financially resilient, with a positive outlook for profitability and free cash flow. American Airlines has substantial liquidity with $8 billion in cash and $29.7 billion in debt, plus $23 billion in available li...
American Airlines is doing away with long-haul first class on many planes in favor of a larger single cabin with new suites. The seats, which enter service next month, feature sliding "privacy doors," a trend in airplane cabin design.
CHICAGO, May 01, 2025 (GLOBE NEWSWIRE) -- GTreasury, the pioneer and global leader in Digital Treasury Solutions for the Office of the CFO, today announced that American Airlines has been named a Technology Excellence category finalist in Treasury & Risk's 2025 Alexander Hamilton Awards. American Airlines uses GTreasury's treasury and risk management platform to help achieve its treasury and fi...
American Airlines achieved record free cash flow of $2.4 billion in 2024, reducing debt by $15 billion, driven by strong demand recovery and capacity fine-tuning. AAL's diversified revenue streams include passenger transportation, loyalty programs, and ancillary services, contributing to a stable financial base and liquidity. Despite economic uncertainties and rising costs, AAL's shares are und...
On Monday, American Airlines released a letter from its vice chair and chief strategy officer to employees, stating that the airline was suing JetBlue.
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